Behind The Scenes Of Subject-To Deals: Legal Tips + Traps | Chris Johnsen | 1378

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 8 November 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Epic Real Estate Investing Show, host Matt Theriault is joined by business lawyer and seasoned entrepreneur Chris Johnsen for an in-depth conversation about the critical legal considerations every real estate investor should understand. Drawing from his extensive legal background, Chris dives into the world of creative real estate financing, with a particular focus on 'subject-to' deals, assignments, and novations. He unpacks the importance of thorough due diligence, staying compliant with state-specific regulations, and ensuring full transparency in every transaction to safeguard against potential liabilities. Chris also sheds light on the strategic use of special purpose entities (SPEs) for property investments, offering valuable advice on how to structure deals for maximum protection and tax efficiency. In addition, he shares tips on selecting investor-friendly title companies that can help streamline the closing process. The conversation doesn’t stop there—Chris and Matt also explore the legal implications of Dodd-Frank for investor-to-resident financing, the intricacies of wholesaling, and the power of using trusts and options in real estate transactions. Whether you’re new to creative financing or an experienced investor, this episode is packed with essential legal insights to help you navigate the complexities of real estate deals with confidence. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:05.0	Hey, strap in! It's time for the epic real estate investing show. We'll be your guides as we navigate the housing market, the landscape of creative financing strategies and everything you need to swap that office chair for a beach chair. If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.3	Let's go.
0:28.2	All right, please help me welcome to the show.
0:31.0	Attorney at large, Mr. Chris Johnson.
0:33.7	Chris, welcome to the Epic Real Estate Investing Show.
0:35.6	Hey, thanks for having me, Matt. Good to have you. We talked a little bit yesterday, and I'm excited about what we talk about today.
0:41.7	I just say, we're going to help keep investors out of jail. How about that?
0:45.1	Okay, let's do it. First, give us a-year hold pattern. We'd buy them in great locations, but typically run down strip centers, look for opportunity value ads. I'm a major in finance and real estate, went to the law,
1:12.9	like you alluded to, and did that whole track at Big Law until I was partner and I was
1:18.1	partner for a couple years, decided to start my own practice. So I now have two law firms. One is
1:23.9	Johnson Law, which is a full service business firm representing businesses and the owners
1:29.5	on pretty much anything they need, including real estate, but we also do a lot of corporate
1:34.2	M&A, securities work, litigation, things like that. I have Texas estate and probate lawyers
1:39.8	is another firm that focuses exclusively on a streamlined intake process for the estate planning
1:47.1	and probate that 99% of Texans need where that firm just represents Texas with the other
1:53.0	ones nationwide. I have a title company where I work with a lot of real estate investors
1:58.3	closing their deals. Awesome.
2:01.0	Cool.
2:07.0	So probably narrowing mostly on the title conversation and what the types of stuff you see and where the legalities are and everything.
2:09.9	But I could imagine we could venture into some of those other channels as well to kind of
	...

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